Risk management is top of mind for CUs. Source: Shutterstock
As credit unions continue their data maturity journey and strive to become more data-centric organizations, a key area of business that is often left un-transformed is risk management. Instead of using institution-specific data to augment risk management strategies, credit unions all too often rely solely on qualitative past experiences or industry trends. A credit union can develop more secure processes and do more to protect its systems from cyber threats by using data generated through its interactions with the outside world.
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